Wall Street Edges Higher in Monday’s Session; FTSE 100 Index up by 1.48%

  • Jun 01, 2020 BST
  • Team Kalkine
Wall Street Edges Higher in Monday’s Session; FTSE 100 Index up by 1.48%

US Markets: Broader indices in the United States traded in green - particularly, the S&P 500 index traded 11.52 points or 0.38 per cent higher at 3,055.83, Dow Jones Industrial Average Index expanded by 68.72 points or 0.27 per cent higher at 25,451.83, and the technology benchmark index Nasdaq Composite traded higher at 9,553.04, up by 63.17 points or 0.67 per cent against its previous day close (at the time of writing, before the U.S market close at 12:50 PM ET).

US News: Wall Street fell at the opening bell, albeit moved slightly higher as Supply Management's manufacturing index in the US rose from 41.5 in April to 43.1 in May. However, the investors looked cautious amid escalating tension between US & China and country-wide protests. Meanwhile, China has asked state-owned firms to halt buying of US farm products. Among the gaining stocks, Beyond Meat gained over 5.0 per cent after expanding its partnership with KFC into China. Coty surged 19.8 per cent post appointing a new CEO (chief executive officer). Fiat Chrysler Automobiles NV gained over 3.3 per cent post unveiling plans to list its robot-making unit Comau. Among the decliners, Pfizer shed around 0.5 per cent after setting back to breast cancer treatment. Target Corp dipped over 2.5 per cent post reducing operating hours at its stores. Walmart fell around 1.9 per cent after closing stores during the unrest.

S&P 500 (SPX)

Top Performers*: Coty Inc, Gap Inc, and Norwegian Cruise Line Holdings Ltd shares increased by 18.46 per cent, 14.27 per cent and 8.24 per cent, respectively.

Non Performers*: Pfizer Inc, Gilead Sciences Inc and NetApp Inc shares decreased by 7.57 per cent, 4.09 per cent and 2.51 per cent, respectively.

NASDAQ Composite (IXIC)

Top Performers*: Cemtrex Inc, Digital Ally Inc and Allied Esports Entertainment Inc shares expanded by 192.50 per cent, 134.92 per cent and 95.51 per cent, respectively.

Worst Performers*: Iterum Therapeutics Plc, Novus Therapeutics Inc and China Jo-Jo Drugstores Inc shares plunged by 55.34 per cent, 47.83 per cent and 47.47 per cent, respectively.

Top Performing Sectors*: Energy (+1.22 per cent), Consumer Cyclicals (+1.21 per cent), and Financials (+0.88 per cent).

Top Worst Sectors*: Healthcare (-0.21 per cent) and Utilities (-0.03 per cent).

Dow Jones Industrial Average (DJI)

Top Performers*: Boeing Co, American Express Co and Goldman Sachs Group Inc shares climbed by around 3.63 per cent, 2.66 per cent and 2.18 per cent, respectively.

Worst Performers*: Pfizer Inc, Cisco System Inc and Verizon Communications Inc shares plunged by 7.63 per cent, 2.11 per cent and 1.73 per cent, respectively.

European Markets: The London’s broader equity benchmark index FTSE 100 traded at 89.82 points or 1.48 per cent higher at 6,166.42, the FTSE 250 index snapped at 234.57 points or 1.38 per cent higher at 17,277.53, and the FTSE All-Share Index ended 48.85 points or 1.45 per cent higher at 3,412.52, respectively. Another European index STOXX 600 ended up by 3.84 points or 1.10 per cent, at 354.20. Among other major European indices, DAX index closed the session at 11,586.85, down by 194.28 points or 1.65 per cent; CAC 40 index increased by 67.34 points or 1.43 per cent and ended the trading session at 4,762.78.

European News: London and European markets surged as market sentiments were upbeat with a revival of economic activities. At the same time, the US President Trump started the procedure of ending special treatment for Hong Kong. Meanwhile, the UK’s Manufacturing Purchasing Managers’ Index rose to 40.7 in May from 32.6 in April (as per IHS Markit). Among the gaining stocks, De La Rue PLC rose over 118.9 per cent after posting a confident outlook in the latest trading update due to several contracts wins. AstraZeneca gained around 1.4 per cent as its cancer drug received a positive recommendation. Similarly, Associated British Foods jumped over 8.9 per cent after announcing reopening of Primark stores. Warpaint PLC soared around 15.7 per cent post-signing agreement with Wilko stores. Among the declining stock, Ted Baker slumped over 10.2 per cent as it plans to raise GBP 95 million through equity issuance.

London Stock Exchange 

Top Three Performers*: DE LA RUE PLC (DLAR), MCBRIDE PLC (MCB) and AA PLC (AA.) accelerated significantly by 230.80 per cent, 14.04 per cent and 11.40 per cent, respectively. 

Worst Performers*: TED BAKER PLC (TED), HYVE GROUP PLC (HYVE) and FUNDING CIRCLE HOLDINGS PLC (FCH) plunged by 12.13 per cent, 9.04 per cent and 6.13 per cent, respectively. 

FTSE 100 Index Performance

3 months FTSE 100 Index Performance (June-01-2020), before the market closed (Source: Refinitiv, Thomson Reuters)

Best Gainers*: ASSOICIATED BRITISH FOODS PLC (ABF), STANDARD CHARTERED PLC (STAN) and CARNIVAL PLC (CCL) expanded by 9.01 per cent, 8.28 per cent and 8.27 per cent, respectively.

Non Performers*: HIKMA PHARMACEUTICALS PLC (HIK), RECKITT BENCKISER GROUP PLC (RB) and WHITBREAD PLC (WTB) traded in red zone and decreased by 3.23 per cent, 2.08 per cent and 1.58 per cent, respectively.

Active Three Stocks (traded with high volume)*: (LLOY) LLOYDS BANKING GROUP PLC; (CNA) CENTRICA PLC; (BARC) BARCLAYS PLC.

Top Sectors traded in the positive zone*: Consumer Cyclicals (+2.74 per cent), Financials (+2.27 per cent) and Energy (+2.05 per cent).

Top Sectors traded in the negative zone*: Technology (-0.57 per cent) and Healthcare (-0.06 per cent).

Crude Oil Prices*: WTI crude oil (future) price was tilting at $34.98 per barrel, and Brent future crude oil (future) price was nudging at $37.98 per barrel.

Forex Rates*: GBP to USD and EUR to GBP were hovering at 1.2464 and 0.8928, respectively.

Bond Yields*: U.S 10-Year Treasury yield was tilting at 0.664 per cent, and the UK 10-Year Government Bond yield was hovering at 0.220 per cent, respectively.

 

*At the time of writing

 

 


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